Maryland Motor Vehicle Dealer (New) Bond
If you are engaged as a New Motor Vehicle Dealer in the State of Maryland, you are required to execute a Maryland Motor Vehicle Dealer (New) Bond to ensure compliance with the Transportation Article of the Annotated Code of Maryland.
The required amount of the Maryland Motor Vehicle Dealer (New) Bond is as follows:
- 1 - 500 vehicles sold $50,000 - your GOOD CREDIT price is $375
- 501 - 1,000 vehicles sold $75,000 - your GOOD CREDIT price is $562.50
- 1,001 - 2,500 vehicles sold $100,000
- Over 2,500 vehicles sold $300,000
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Maryland Motor Vehicle Dealer (New) Bond holds you accountable for your business decisions.
By possessing a Maryland Motor Vehicle Dealer (New) Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.
Get Your Bond Price Within 1 Hour!
Most License and Permit Bonds have 1 hour responses during business hours:
1. This application is all that’s needed to get you a price within 1 hour.
2. Occasionally, more information is needed. If so, you’ll be contacted within 24 hours.
3. If you have credit issues, approvals might need additional time.
4. We never require an application fee. All quotes are always 100% free.
Your lowest bond price is calculated from the information you provide on the application. Keep your cost low by filling out this application completely.
Bond approvals, like loans, are based upon several factors: personal credit and financial strength of the owner(s), liens or judgments, bankruptcies, length of time in business, bond amount and type of bond. The more information you provide the better chance you have of getting the lowest available price and a faster approval.
Complete our fast and easy online application by clicking the link below. Most will receive a free quote within 1 hour.Click Here For The Easy Online Application